Economics Ch. 9

Insurance transfers the (a)   from you to the insurance company.

• risk
• money
• insurance
• health

What type of insurance will provide money to replace lost income for years? (a)  

• short term disability
• identity theft protection
• long term disability
• health insurance

Which part of auto coverage covers other people on the road....this part is a state law and you MUST carry it.

• liability

• comprehensive

• collision

• personal injury protection

Which part of auto coverage covers anything other than a collision?

• liability

• comprehensive

• collision

• personal injury protection

Which part of auto coverage covers the treatment of injuries and losses to the driver and passengers?

• liability

• comprehensive

• collision

• personal injury protection

This type of home insurance covers the structure of your home.

• liability

• personal property coverage

• dwelling insurance

• life insurance

Medical insurance is not necessary if you are young.

• True

• False

Life insurance guarantees your loved ones get a certain amount of money when you (a)  

• pass away
• turn 18
• get injured
• move out of the house

In return for paying the insurance company a fee (premium), they will (a)  

• pay for certain expenses or damages
• give you a paycheck every month
• manage your money for you
• create your monthly budget

Renters insurance cover your belongings if there is a fire, theft, or vandalism.

• True

• False